MINOR HOTELS - Daily - Technical analysis published on 10/01/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bearish
Technical indicators
33%
33%
33%
My opinion
Bearish under 4.548 EUR
My targets
4.298 EUR (-2.80%)
4.182 EUR (-5.43%)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 4.548 EUR remains possible. It is advisable to trade NH HOTEL with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 4.548 EUR. The next bearish objective for sellers is set at 4.298 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 4.182 EUR. In case of crossing, the next objective would be the support located at 4.051 EUR. PS: if there is a bullish break in the resistance located at 4.548 EUR we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
FORCE
0
10
2.1
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
NH HOTEL rating 4.422 EUR. The price registered an increase of +1.05% on the session and was between 4.352 EUR and 4.446 EUR. This implies that the price is at +1.61% from its lowest and at -0.54% from its highest.4.352
4.446
4.422
The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.
Opening Gap UP
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
A technical analysis in Daily of this NH HOTEL chart shows a bearish trend. The signals given by moving averages are 64.29% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Daily
Ichimoku - Bearish crossover : Tenkan & Kijun
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near resistance of triangle
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4.051 | 4.182 | 4.298 | 4.422 | 4.548 | 4.750 | 4.880 |
| Change (%) | -8.39% | -5.43% | -2.80% | - | +2.85% | +7.42% | +10.36% |
| Change | -0.371 | -0.240 | -0.124 | - | +0.126 | +0.328 | +0.458 |
| Level | Major | Minor | Intermediate | - | Minor | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.258 | 4.304 | 4.340 | 4.386 | 4.422 | 4.468 | 4.504 |
| Camarilla | 4.354 | 4.361 | 4.369 | 4.376 | 4.384 | 4.391 | 4.399 |
| Woodie | 4.253 | 4.302 | 4.335 | 4.384 | 4.417 | 4.466 | 4.499 |
| Fibonacci | 4.304 | 4.335 | 4.355 | 4.386 | 4.417 | 4.437 | 4.468 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.076 | 4.178 | 4.264 | 4.366 | 4.452 | 4.554 | 4.640 |
| Camarilla | 4.298 | 4.316 | 4.333 | 4.350 | 4.367 | 4.385 | 4.402 |
| Woodie | 4.068 | 4.174 | 4.256 | 4.362 | 4.444 | 4.550 | 4.632 |
| Fibonacci | 4.178 | 4.250 | 4.294 | 4.366 | 4.438 | 4.482 | 4.554 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.854 | 4.028 | 4.202 | 4.376 | 4.550 | 4.724 | 4.898 |
| Camarilla | 4.280 | 4.312 | 4.344 | 4.376 | 4.408 | 4.440 | 4.472 |
| Woodie | 3.854 | 4.028 | 4.202 | 4.376 | 4.550 | 4.724 | 4.898 |
| Fibonacci | 4.028 | 4.161 | 4.243 | 4.376 | 4.509 | 4.591 | 4.724 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 50.89 | |
| MACD (12,26,9): | -0.0120 | |
| Directional Movement: | 2.989 | |
| AROON (14): | -50.000 | |
| DEMA (21): | 4.400 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.280 | |
| Elder Ray (13): | -0.002 | |
| Super Trend (3,10): | 4.563 | |
| Zig ZAG (10): | 4.422 | |
| VORTEX (21): | 1.0160 | |
| Stochastique (14,3,5): | 38.03 | |
| TEMA (21): | 4.386 | |
| Williams %R (14): | -47.41 | |
| Chande Momentum Oscillator (20): | -0.104 | |
| Repulse (5,40,3): | -0.6520 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0110 | |
| Courbe Coppock: | 5.53 |
| MA7: | 4.360 | |
| MA20: | 4.446 | |
| MA50: | 4.399 | |
| MA100: | 4.438 | |
| MAexp7: | 4.387 | |
| MAexp20: | 4.409 | |
| MAexp50: | 4.422 | |
| MAexp100: | 4.467 | |
| Price / MA7: | +1.42% | |
| Price / MA20: | -0.54% | |
| Price / MA50: | +0.52% | |
| Price / MA100: | -0.36% | |
| Price / MAexp7: | +0.80% | |
| Price / MAexp20: | +0.29% | |
| Price / MAexp50: | -0% | |
| Price / MAexp100: | -1.01% |
News
The latest news and videos published on NH HOTEL at the time of the analysis were as follows:
NH Hotel GroupThis member declared not having a position on this financial instrument or a related financial instrument.
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